Software News

Software News!

Application and Enterprise Software News
Press release distribution service

Software Links: Application Software, Enterprise Software, Virus Software





 




Home > Software News:
  • Watch News Feed
  • Bestsellers Software

  • Smart Transportation Market Future Growth Prospect, Industry Share and Growing Demand Analysis Till 2025

    (I-SoftwareNews.Com, October 26, 2021 ) As per report "Smart Transportation Market by Transportation Mode (Roadways, Railways, Airways, and Maritime), Solution (Smart Ticketing, PIS, Freight Management), Service, Communication Technology, Application, and Region - Global Forecast to 2025", smart transportation market size is projected to grow from USD 94.5 billion in 2020 to USD 156.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.6% during the forecast period.



    The major factors driving the growth of the smart transportation market include technological advancements to enhance customer experience, growing government initiatives and PPP models for smart transportation, rising urban population and high demographic rates, and growing adoption of IoT and automation technologies to enhance technological optimization.



    Browse 344 market data Tables and 61 Figures spread through 373 Pages



    View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/smart-transportation-market-692.html



    Significant growth in the volume of vehicular traffic across the world over the last couple of decades and the inability of the existing transport infrastructure to support the same increase the focus on the importance of monitoring and managing vehicular movement and ensuring smooth flow of traffic. Smart transportation is becoming popular, given the technology’s ability to ease congestion and improve road safety by effective monitoring and management of vehicular traffic. With the growing adoption of intelligent mobility solutions across major cities across the globe, the smart transportation market in the roadways transportation mode has been growing in recent years. In addition to the advent of these smart technologies, a remarkable increase in governmental patronage and financial support toward revamping the transportation industry can be accredited to the rapid progression of this business space.



    The passenger information solution is an important link between passengers and transit service providers. It provides real-time information on transit services, such as current location, estimated arrival and departure time, and the causes for disruption. A smart passenger information system includes GPS-enabled devices, strong wireless networks, and Computer-Aided Dispatch/Automatic Vehicle Location (CAD/AVL) software. The upgradation of aging passenger information solutions with advanced passenger information solutions that provide real-time information about the transportation system is a major growth factor for the smart passenger information systems and solutions. The exponential growth in smartphone usage and advancements in network infrastructure enable transport authorities to provide timely status and update in a cost-effective way.



    The rail traffic management system allows centralized supervision and traffic control of the entire rail network. The entire rail operations can be regularized from a central control system. The central administration system uses real-time data over high-speed communication links across trains and rail infrastructures to automate the traffic. The adoption of smart communication solutions across varied applications of railway management will improve timely decision-making for issues, such as asset deployment, utilization, and maintenance.



    The smart ticketing solution is an innovative method for ticketing and the related processes in the aviation industry. With the growth of various smart technologies and other transport systems, the smart ticketing in aviation is also witnessing various developments globally. It comprises other solutions, such as ticket machine, eTicket, eKiosk, smart ticketing system, eToll, request tracker, and other solutions. The deployment of smart ticketing technology equips airlines with efficient features, such as self-boarding and self-luggage handling, and helps the airport authority to handle manual operations at peak hours. Hence, the convenience associated with smart ticketing solutions is expected to influence the airline industry during the forecast period.



    Maritime software is the specially designed enterprise software for the shipping companies. It is a completely integrated software that enables the shipping lines to perform ship management and fleet management operations. The software takes care of all shipping activities involved in waterway transportation, such as marine accounting and Management Information System (MIS), vessel performance, claim and insurance, bunkering, voyage estimation, dry docking, risk management, and crewing. These systems are the most important software for the shipping companies because the software enhances operational efficiency and reduces the operation and maintenance cost.



    APAC is expected to be the fastest-growing region in the smart transportation market, due to the increasing adoption of new technologies, rising investments for digital transformation, and growing GDP in APAC countries. A majority of the potential economies in the region include Australia, Singapore, China, Korea, Hong Kong, and India, which are said to rapidly invest in technological transformation. The competition in this region is fragmented, and smart transportation solution providers are looking at expanding the base of their operations to most of the countries in the region. Untapped potential markets, high penetration of advanced technologies, growing freight usage in various industries, and economic developments and government regulations are expected to drive the smart transportation market growth at the highest rate during the forecast period.



    Major vendors operating in the smart transportation market include Thales Group (France), Huawei Technologies Co., Ltd. (China), Siemens AG (Germany), IBM Corporation (US), Cisco Systems, Inc. (US), SAP (Germany), Cubic Corporation (US), Alstom (France), Bombardier Inc. (Canada), Toshiba (Japan), Harris Corporation (US), Saab AB (Sweden), Veson Nautical (Massachusetts), BASS Software (Norway), Bentley Systems (US), Indra Sistemas (Spain), Trimble (US), TomTom International BV. (Netherlands), Amadeus IT Group SA (Spain), Conduent (US), Kapsch (Austria), Hitachi Ltd. (Japan), Descartes (Canada), Accenture (Ireland), and DNV GL (Norway).



    Speak to Analyst !



    MarketsandMarkets™

    Mr. Aashish Mehra

    1-888-600-6441

    raviraj.tak@marketsandmarkets.com

    Source: EmailWire.Com

    Source: EmailWire.com

    Media Sponsor

    I-SoftwareNews.Com Sponsors



    Software Advertisement

    I-SoftwareNews.Com Resources
  • Application Software
  • Bioinformatics
  • Computers
  • Computer Games
  • Enterprise Software
  • Graphics/Printing/CAD
  • Hardware/Peripheral
  • industrial Computers
  • Information
  • Internet
  • Multimedia
  • Networking
  • Public Sector
  • Robotics
  • Semiconductor
  • Software
  • Telecommunications
  • Webmaster
  • Information Technology Publications
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Information Technology resource center today to browse our selection of 600+ complimentary Information Technology magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    The Integration Journey—a Field Guide to Enterprise Integration for SOA
    Government Technology\'s Public CIO
    Protecting Content During Business Disruption: Are You Covered?

    No credit cards, coupons, or promo codes required. Try it today!

    Press release distribution service

    I-SoftwareNews.com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © GroupWeb Media LLC. All Rights Reserved.

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.
    Copyright 2008 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
    I-SoftwareNews.com - Newswire and Press Release service of GroupWeb Media LLC